i just realized i can literally just buy permanent residency in your countries by buying land.
>i have $80k liquid, far more than enough for at least a down payment
should i buy a house in your country? why or why not?

>>212675894 (OP)
lol no that amount converted into rupees will net you a matchbox home unless you want to live in the middle of nowhere without any modern amenities

>>212676015
do indians not have down payments/mortgages? in america you could get a million dollar home with that

Houses here cost upwards of 500k before taxes and interest, and that's for rundown 50 year old places that are half asbestos so get ready to drop another 200k on modernization.

>>212676057
Brahmin only gives loans when he knows you will struggle to pay it back

>>212675894 (OP)
no it wont. some properties require you live there or farm them something you cant without permanent residency, and the state or county can deny a sale to a foreigner. its rarely done but large parts of wilderness are better owned by someone local, no way an american will be able to grasp right to roam laws, samis having reindeer herding rights on his land, respect all the various hunting and fishing deals done over the years and all that. he will put up a "private property no trespassing" sign and start shooting.
the lawsuits would be endlesss.

>>212676057
we do but the cost of living will rape you because we have a lot of maintance fee bullshit and if you're talking about owning land then yeah you need way more than that to bribe people

>>212676015
>median annual income is less than $4000 USD
>$80,000 can't get shit

How does this work, are there just oligarchs buying up all the houses or what

>>212676373
>assuming most people own their living space
Burger moment

>>212675894 (OP)
Broke ass nigga even by our standards. How did you fumble being born in the US this much?

>>212676061
You only need 20% for the down payment, and you can take out extra on the loan to fix up the house because it'll raise the price of the home to match the loan amount to fix it up. This is basic real-estate investing.

1. 20% down on a duplex
2. Extra on the mortgage to fix it up
3. House value immediately increases
4. Rent out the other unit to pay the whole mortgage

Free place to live, and an asset that is being paid for by someone else. This is parasitical behavior, but a great way to get good income with your investment.

>>212676930
Duplexes are even more expensive. You can't rent out the other half until you've fixed it up, and your maintenance cost is now twice what it would have been. You have to read up on a host of legal requirements before you can start renting it out, and you're going to get taxed to hell and back. And if you can't make the payments anymore, you're out of a place to live AND you lose the income from rent.

The only people eho can get houses in Germany these days are those who start with 10x your capital, and those who are on good terms with their already house-owning parents so they can transfer ownership while the parents are still alive. Most people couldn't even afford the taxes from inheriting a house, let alone the cost of buying one.

>>212676930
>20% down
holy grim. bought mine fully financed, no down payment.